Capgemini to acquire US-based LiquidHub for $500M

Capgemini announced that it is acquiring US digital IT firm LiquidHub for about $500 million (400 million euros) to accelerate its digital consulting capabilities in North America. The transaction is due to close in a couple of months.

Paul Hermelin, the CEO, Capgemini Group, said, “LiquidHub’s passion to help clients uncover new ways to engage with their customers, supported by robust digital expertise and a strong track record in complex technology execution, was a natural fit with the end-to-end digital services that Capgemini provides enterprises around the world.”

LiquidHub was set up in 2000 and counts industry leaders among its clients, notably in the financial services, healthcare, and life sciences sectors. In 2014, private equity firm ChrysCapital led a $53 million Series-B investment round in LiquidHub.

“The full spectrum of Capgemini’s digital transformation solutions and services coupled with its global reach will allow us to augment and expand our offerings for our current and future clients around the world: a very exciting prospect for the entire Liquid-Hub team,” Jonathan Brassington, CEO, LiquidHub, said.